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The Guarantee Notes provide a brief description of completed guarantee operations. They provide a general background about the project and an overview, structure and main risks covered under the guarantee provided in support of the project.

The electricity sector in Albania has been problematic for many years. The inadequate performance of the electricity distribution, in particular, has been affecting the whole sector International Bank for Reconstruction and Development (IBRD) provided its first Partial Risk Guarantee (PRG) in support of privatization for the Banat and Dobrogea distribution companies in Romania in July 2005 resulting in blackouts for households, firms and state bodies.
... See More + Since 1997 electricity shortages have been affecting adversely the life and work of the Albanian people; rural and poor areas suffer disproportionately from supply disruptions. The power sector also presented fiscal challenges for the government, forcing it to subsidize electricity using funds that could have been spent more effectively to provide health, education, and social assistance for the country.
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The Amman east power plant is the first independent power project implemented in Jordan. Jordan has about 1800 MW of installed power generation capacity, of which just 14 MW is contributed by renewable energy, with the rest coming from fuel oil, gas oil, and natural gas.
... See More + Currently, over 1100 MW of power capacity comes from just two power plants, Samra and Aqaba. The electricity demand is expected to grow at an average annual rate of around 6.5 percent, until 2006, then at 8 percent to reach nearly 14,000 GWh by 2015 from the current 9,000 GWh. The Amman East Power Project is the least cost option of meeting the country's electricity demand and maintaining a prudent reserve margin, of at least 10 percent, supplemented by cross-border supplies. Private sector financing and development will help alleviate the debt burden on Government, and assist in further improving efficiency of the sector.
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